Summary
Cryptocurrency markets extended their spring rally this week, with Bitcoin’s price climbing to $95,000, marking its strongest weekly gain since November 2024 . Ethereum traded around $1,806.70 as the second-largest crypto held steady despite broader market volatility . The total crypto market capitalization surpassed $2.8 trillion, underscoring renewed investor confidence in digital assets . On-chain data revealed significant whale accumulation activity, with large investors snapping up 32.8 K BTC this past week .
Market Overview
Bitcoin regained momentum this week, testing the $95,000 resistance level after an 11% upswing . Ethereum remained resilient, trading in a tight range near $1,800 amid mixed on-chain signals . Solana’s native token (SOL) changed hands at $151.35, reflecting ongoing interest in high-throughput blockchain platforms . Cardano (ADA) continued to attract attention with analysts citing its evolving DeFi ecosystem and potential for new all-time highs .
Trading Signals
Options market data shows a tactical appetite for further upside in Bitcoin, with $95K calls dominating flow for late-April and end-May expiries . Analysts highlight a multiday rally in SUI and BCH led by hedging strategies in the CoinDesk 20 Index . Whale on-chain metrics indicate a preference for long-term holding, as large addresses withdrew record amounts of BTC from exchanges . Ethereum whale accumulation at lower price levels suggests potential support ahead of an anticipated breakout .
Crypto News Highlights
The newly appointed SEC chair, Paul Atkins, called for clear, innovation-friendly crypto regulations, signaling a potential shift from previous enforcement-heavy approaches .
Google announced enforcement of Europe’s MiCA framework for crypto ads starting April 23, requiring licenses and local compliance for advertisers .
Binance rolled out its 14th HODLer Airdrop featuring Babylon (BABY), incentivizing long-term holding ahead of trading on April 10 .
SoftBank’s recent ventures into crypto assets highlight renewed institutional appetite for high-risk blockchain investments .
Campaigners urged the Swiss National Bank to hold Bitcoin on its balance sheet, reflecting growing calls for central bank digital asset adoption .
Personal Insights
As markets rally, it’s crucial to manage risk through disciplined position sizing and diversification. I believe maintaining a balanced portfolio—combining blue-chip assets like BTC and ETH with selective altcoin exposure—can help navigate volatility. For those building long-term holdings, monitoring on-chain behavior and sentiment indicators offers early signals to adjust your strategy ahead of major moves.
Educational Corner
MiCA (Markets in Crypto-Assets) is the EU’s landmark framework designed to harmonize rules for crypto services across member states, enhancing investor protection and market integrity . A HODLer Airdrop, such as Binance’s Babylon campaign, rewards users for retaining selected tokens over a set period, fostering community engagement and supporting token launch liquidity .
